A senior official in the Iranian administration, who requested his identity remain anonymous, stated that two mediating countries recommended action plans that would reduce tensions or lead to a ceasefire with the United States. He did not elaborate further.
Iran’s supreme leader, Ayatollah Mojtaba Khamenei, newly appointed last weekend, made it clear that Iran was not willing to entertain any overtures of peaceful resolution to the conflict until “the United States and Israel are brought to their knees, accept defeat, and pay compensation,” the official reported.
The US-Israeli coalition war, has now entered its third week, with at least 2,000 people dead, with no clear timeline as to the developments to come.
Meanwhile, the Strait of Hormuz remain largely closed off, with the U.S. calling upon its allies to assist in its opening. The significance of the Strait cannot be understated, as about 20% of global oil and liquefied natural gas flows through it.
Today marked another 2% increase in oil prices, as Iranian missile strikes continue to land in the UAE. The overall rise in prices is recorded at 45% since the onset of the conflict, increasing concerns over rises in global inflation
